The daily pricing of bonds and other fixed-income securities is equal parts art and science. By Karl Mackelburg, director of pricing services, Reuters
Calculating a fixed-income price can be a tricky business. Bonds are unlike equities, which trade on organized exchanges; the vast majority trade over the counter. There are no opening and closing prices, no listed bids and offers, and no single central marketplace for funds to use when evaluating the fixed-income portion of their portfolio.
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails